Where Does Debt Come From?
Where Does Debt Come From? Debt. It's a word that can weigh heavily on the mind, causing stress, sleepless nights, and strained relationships. For many, debt feels like an inescapable reality of modern life – a necessary evil for homes, cars, or even daily necessities. But where does debt actually come from, and why is understanding its origins so crucial for our financial well-being? To truly grasp the nature of debt, it's helpful to consider some timeless pieces of wisdom from scripture: “The prudent sees danger and hides himself, but the simple go on and suffer for it.” (Proverbs 22:3) "The rich rules over the poor, and the borrower is slave to the lender." (Proverbs 22:7) Words written thousands of years ago, remains remarkably relevant today. It's a stark warning, highlighting a fundamental power dynamic: when you owe someone money, you are, to a significant degree, beholden to them. Your choices, your freedom, and even your peace can be dictated by the obl...